Brokerages Set C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) Target Price at $112.88

Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Get Free Report) have been given an average recommendation of "Hold" by the nineteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $112.88.

Several research firms have recently weighed in on CHRW. Wells Fargo & Company upgraded shares of C.H. Robinson Worldwide from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $118.00 to $130.00 in a research note on Monday, December 9th. BMO Capital Markets lifted their price objective on shares of C.H. Robinson Worldwide from $115.00 to $118.00 and gave the company a "market perform" rating in a research note on Friday, December 13th. Susquehanna dropped their target price on C.H. Robinson Worldwide from $120.00 to $115.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Robert W. Baird lifted their price target on C.H. Robinson Worldwide from $115.00 to $124.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Finally, UBS Group raised C.H. Robinson Worldwide from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $100.00 to $140.00 in a report on Friday, October 4th.

C.H. Robinson Worldwide Stock Performance

C.H. Robinson Worldwide stock traded up $0.27 during trading on Wednesday, hitting $104.28. The stock had a trading volume of 271,805 shares, compared to its average volume of 1,492,895. The stock's 50 day moving average is $107.61 and its two-hundred day moving average is $100.60. C.H. Robinson Worldwide has a 1 year low of $65.00 and a 1 year high of $114.82. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.86.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.16. C.H. Robinson Worldwide had a return on equity of 30.38% and a net margin of 1.96%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. As a group, analysts predict that C.H. Robinson Worldwide will post 4.38 EPS for the current year.

C.H. Robinson Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, December 6th. C.H. Robinson Worldwide's dividend payout ratio is currently 85.81%.

Insider Activity at C.H. Robinson Worldwide

In related news, insider Michael John Short sold 10,408 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $109.87, for a total transaction of $1,143,526.96. Following the transaction, the insider now directly owns 70,943 shares of the company's stock, valued at approximately $7,794,507.41. This trade represents a 12.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.18% of the stock is owned by insiders.

Institutional Trading of C.H. Robinson Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of C.H. Robinson Worldwide by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,315,488 shares of the transportation company's stock valued at $115,921,000 after purchasing an additional 34,632 shares during the last quarter. Atomi Financial Group Inc. bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at about $221,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of C.H. Robinson Worldwide in the second quarter worth about $3,313,000. HB Wealth Management LLC bought a new stake in shares of C.H. Robinson Worldwide in the 2nd quarter valued at about $284,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of C.H. Robinson Worldwide by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,988 shares of the transportation company's stock valued at $4,846,000 after purchasing an additional 6,735 shares during the period. Hedge funds and other institutional investors own 93.15% of the company's stock.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.